The leu accelerated the trend of depreciation over the last week, due to the domestic political tensions, and separated from the regional evolutions. The Romanian currency is the only in Central and Eastern Europe which dropped against euro since the beginning of the year, show the data analysed by Profit.ro. Euro reached new historic levels against the leu at each of the last four meetings for tradings and which is closer to the threshold of 5 lei at the official quotation of BNR. The weakness of the leu is deepened by the political crisis which could end with the destruction of the governing alliance after the USR-PLUS ministers resigned from the Citu Cabinet. ‘ The government of the premier Citu is close to collapse. This influenced both the currency and the sovereign bonds’ showed a notice of Erste Research, quoted by Profit.ro. Euro increased with almost a quarter percentage point against the leu over the last week, while it was stable against the Polish Zlot and the Czech Krone and dropped against the Hungarian Forint by 0.4%. The Forint is on a growing trend, after the central bank increased the key interest and entered a cycle of strengthening of the monetary policy. The expectations of the analysts are that the central bank of Poland is going to increase the key interest, although the governor Adam Glapinski stated that it was not the case. The Romanian leu went the worst from the Central and Eastern Europe this year – euro increased against the Romanian currency by almost 2% while it dropped against the Zloty by 1%, by more than 3% against the Krone and over 4% against the Forint.
The 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
